Section 7B: Special Provision with Respect to the Identification of High-Ranking Persons

1) The indexing organisation will have to arrange a risk management system to make sure that its client or the person who wants to become a real rich or client is a high-ranking person or not.

2) The indicting entity shall take the following additional measures when establishing a business relationship with or dealing with a foreign high-ranking person who is a client or real-wealthy person and a high-ranking person of an international organisation or a domestic  high-ranking person who is seen as high-risk for professional reasons:

(a) Obtaining the  approval of the superior officer looking after the management of the indicting institution before establishing the business relationship,

(b) To take immediate approval pursuant to clause (a) if the existing customer is found to be a high-ranking person,

(c) To take adequate measures to identify the source of the property and funds of the client or real rich,

(d) To follow up on a regular basis with respect to business relations or transactions with customers and suppliers,

(e) To take measures for the identification of large customers in accordance with Section 7E.

3) Sub-sections (1) and (2) shall apply to members of the family of a high-ranking person as well as to the person concerned.